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Wednesday, July 26, 2006

So You Want To Work at Home? Read This First

The dream to work at home is a staple in most people’sminds. What most people don’t know is that there can bedrawbacks to working at home as well. As someone who wantsto start your own home based business, you should be awareof these pitfalls, so that you can prepare in advance forwhatever inconvenience they may pose.

Lack of financial security. Working at home and startingyour own home based business carries risk. Unlike a salary,you will not be receiving a fixed amount each month. There’sa large possibility that the compensation you receive willbe small in comparison to your regular job, especially atthe beginning. The upside, of course, is that you also standto gain much. Some of the biggest, most profitablebusinesses today were first small home start-ups. Companieslike Microsoft, The Body Shop, and Coca-Cola are examples ofcompanies that were first run from the proverbial garage.

Having to take charge of your own time. Time can either beput to good, profitable use, or it can be wasted. If you arenot a disciplined person, then you might have a tough timemaking the venture work. After all, being at home means thatyou are comfortable – perhaps too comfortable. You can surfthe net, watch TV, fix dinner, play with the kids, shootsome hoops, talk with your friends, read a book, take a nap– there are so many things that threaten to eat up your timewhen you’re at home. If you really want to work at home, youshould first make sure that you can carve up a good amountof time to spend on your business. You should have theability to set a schedule and stick with it; otherwise youmight be heading for financial ruin. However, if you are thekind of person who is willing and able to set your goals andwork towards them, then having control of your own time isan incredible advantage. You will be able to set yourpriorities, manage your tasks, and minimize the waste ofyour time – things that are difficult to accomplish when youare in someone else’s employ.

Potential isolation. Because you are not forced to interactwith other people, you might fall into a tendency to cutyourself off from most daily interactions. This is a dangerthat those with more conservative or shy personalities face.To counteract this, you simply have to allot a portion ofyour time to meet friends and meet new people. Never get tooengrossed in your work to the detriment of your social life;you’ll just suffer in the end.

Don’t let this little list discourage you from taking theplunge! That’s exactly what most people do, which is why youdon’t see a whole bunch of truly rich people in yourneighborhood. Scan down this list and fix in your mind howyou intend to overcome these obstacles in your path toriches. Knowing your weaknesses is strength – never forgetthat.